The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze. We shall see.
OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!
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The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze. We shall see.
Give it a rest, we are going sideways till Q4, get used to it. And you were saying??? Technically, the pump started within the 24 hours period and the breakout of 3.6 (3.7 BFX) opens the doors for 4k. At the moment of writing this post we were below 3.6 (3.7 BFX).
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When 5K - 17 April 2019When 7.7k - 15 June 2019 When 10k - 13 Aug 2019When 15K - 1 Sep 2019When ATH break - 7 Oct 2019Exact dates please I have a gut feeling that CBOE's ETF will obtain a green light. Otherwise, I expect ATH break on 7 Feb 2021.
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The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze. We shall see.
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I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run. I showed you my 1 year btc buys before and this is my whole history: (never sold a satoshi since 2016) I hope the accumulation phase lasts at least 2 years this time. I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it. You certainly are over-cautious in buying BTC. If you went all in 2016, by the end of 2017 you could had been a multi millionaire. I started buying at the end of 2016 although I watched the price since 2015. Back in 2015 I didn't know much about BTC, I didn't think of buying at all. I just started mining ETH with gpu rigs. I sold all for BTC before the big ETH rise to 450$ unfortunately. I made a lot of mistakes until mid 2017 when I went all in with my savings. I could had over 40 BTC if I wasn't shaken by China's bans and the forks. However, these first negative experiences made me firm to hodl and I endured all crashes since the Sep 2017 until now. I learned to appreciate BTC more than the gold or fiat. Playing with my precious BTC's in a daily trade is a no go! My "successful" trades in 2017 led to the missed opportunity 3x since 1000 to 3000$. Now I even used 3/4 of my credit card limits and I am converting all my salary into BTC. For me the best strategy is to hodl until I get at least $1-2mil (hopefully 4-5). My first goal is to reach 20 BTC not by trade but by buying only. Whether the price will stay here or go up is of no importance to me, since I can buy directly or mine 1.5-2 BTC per year. I am not happy with my current stash, which is only 16 BTC, but by the end of 2020 I should be able to reach the 20 BTC goal. I am still working on a plan what to spend and for what. On top of my list is a first line beach villa, then a new car, travelling around the world, and charity for homeless and sick children. A 100x from now should be enough for that Yes, it is close to the gold market cap, but if the gold went there without average Joe, mainly institutions, why not BTC go there with mass adoption and a little inst. investors? It is quite possible in the coming years and guaranteed for a longer period of time!
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I am afraid dear hodlers, that soon we will have a big problem! No, I am not talking about a crash! I am talking about going above 10K. Last time some of us (like me) didn't sell anything, but what will you do, when we hit 15K-ish zone again? I am just curious (this may be kinda of a new poll), if you have any strategy? Hodl all, sell 1/3, sell 1/2, sell all, or other. I am pumping up myself to hodl everything until I reach the right amount for a nice beach villa, new car and savings equivalent to my salary before my retirement after 20 years. Hopefully the property will be paid with BTC, so I may not sell BTC at all So far, I have only one strategy for BTC:
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Game over man..support level broken..back to the bear channel we go.
Or not. I wouldn't call it even a half or 1/4 bart haircut yet The 3600$ support of Bitfinex is a pain in the ass for the n00bs on bearstamp The 3700$ resistance is weakened now.
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What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:
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This I saw in real time in BFX (3671 peak):
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The next bitcoin halvening is in ~472 days. Currently 1800 new coins mined everyday. That will be cut in half to 900 with an 1.8% inflation rate. Why does this matter? It marks the date when bitcoin becomes less inflationary than central banks annual rate target of below 2%. https://twitter.com/AlecZiupsnys/status/1093568234647887876The launch if the Bitcoin Network in 2009 was a global earthquake. Now is time for the tsunami. If the previous halvenings led to 100x increase of price without institutional investors, imagine what will happen if they come. One of the biggest ETF companies in USA stated recently that they expect at least 10bil investment in Bitcoin ETF per year. And this is only one company. At current prices that would be 2.8 mil bitcoins! When (not if!) bakkt is approved it will surely lead to an ETF approval may be this year. After all, bakkt is initiated by NYSE and the ETF is initiated by CBOE. It is not a coincidence that after the refiling of the CBOE ETF proposal, SEC created a new crypto division to study the ledger technology and to see that there are no gaps in it. According to some lawers this most probably means that they intend to give an approval based on a positive report about the distributed ledger technology. So, while the small fish dump their precious bitcoins in the daily trade, they will miss the shocking explosion in the price in the coming 2 years. We shall wait and see. Edit. There is a new tweet by Hester Peirce confirming the leaked interview by the Democrat SEC commisioner P. Jackson about a coming ETF approval. https://twitter.com/HesterPeirce/status/1093604854709264384Also lets recall a recent interview of J. Clayton: https://bitcoinexchangeguide.com/jay-clayton-optimistic-about-blockchain-and-cryptocurrencies-emerging-investment-landscape/...Jay Clayton seems very optimistic about the future of the cryptocurrency space. During a testimony that he gave to the United States Senate Committee on Banking, Housing and Urban Development, Mr. Clayton, the chairman of the U.S. Securities and Exchange Commission, said that blockchain and virtual currencies will facilitate capital formation. During the hearing, he emphasized his optimism about the development of distributed ledger technology (DLT). According to what he said, blockchain will be providing new investment opportunities for traditional investors, including institutions.
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When we were reaching 400 usd in 2014... and we have to deal with daily NotLambChop coyote gifs.. i dreamt of 3200 usd.. so unreachable!
Now that we went to the moon and back, i can only dream of next trip.. will it be to 120k, with stops at 40k..60k?.. time will tell. Good things come to those who wait.. (i hope we dont starve in the meantime) I remember those times brother. He was a professional troll, mocking us every day. Posting old guys sucking each others dicks etc. He/she was annoying AF. I think the high of the next cycle will shock us all. I need to be prepared to sell some tgis time to achieve my life goals though. I still haven’t worked out at what figure I’m happy to sell some yet though I've been thinking the same thing recently. But how one can be happy to sell some significant chunk and see in several years a 100x increase? This will be more devastating than going through the bearish 2018. Those who sell now are the worst losers. They either believe they will rebuy it cheaper (is it worth to risk for another 10-20%?!?) or completely lost the faith that Bitcoin will recover to 6K for starters. Trolls are laughing at us when we speak of reaching again the ATH, but it can and it will happen again! It is possible, although not looking realistic today, that in 2 years even the 100K party dreamers to be schocked when Bitcoin reaches 200K. For me the worst Bitcoin can do is to reach the 20K after 2 years. It looks more probable from today's perspective, but who knows what will happen in reality?!? I don't want to be left behind by selling before 20K. It will be a real struggle, but if I don't need money, it will be better to wait even with the risk of seeing another crash.
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^ Still 2021 seems a far away prediction brother
This is for me the worst case scenario based on a comparison with the previous halving bull run. I hope we will see those flashing ATH signs on charts much sooner than 2021.
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Next bottom at $40k sounds reasonable
Yeah when high is a million Don’t go retarded ...... +- 240K or something I'm expecting $50kish as the high, y'all expecting extremely gains run after run. I will be ok just breaking the previous ATH. You guys are all way too bullish. I will be ok with even $15k+ If we extrapolate the run from 200$ to 20 000$ in just 2 years, we get indeed 300K$. The market cap will be around 5.4 tril which gets closer to the gold's - I think it is around 7 tril. Winklevoss twins believe bitcoin will pass that cap. Now, we are in a position that everyone heard about Bitcoin, but only a few bought in 2017 euphoria. There are 18 mil coins in circulatioin, of which at least 3 mil are lost (probably the exact number is much higher, but let's go with that). At the same time there are tens (or hundreds) of millions of people who can afford to buy at least 1 bitcoin but still are hesitant. Now, the question that excites everyone is what the price will be in Dec. 2020, after the halving in May 2020. Comparing with 2016 the rise from the bottom was 5x, so we get a price of 15K$. We can get to that price even this year, if bakkt starts and paves the way for an ETF approval. However, I don't bet on that. The interesting part is whether the people will be afraid of another crash like in Dec 2017, when we reach 16-18K area (of course 10-12K will be the first major resistance). I am sure we will have at least one 40-50% crash, probably multiple, until we finally break the ATH. I expect that to happen by natural growth in the Spring of 2021 or when ETF is approved, whichever comes first. Having said that, I am not a fan of ETF pump euphoria. It may cause a quick pump and then a big dump like the futures did. Without the futures, we probably would have ended 2017 sub 10K, and avoid the crashes that followed.
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This is ideal timing be strict on our position, not to be manipulated at any cost. Ongoing ETH breakout is looking great, setting up nicely here. Here, the market is very tough to predict that's why fall may be inevitable. But, price is cheap, so ensure at the end you regret the chances you didn't take.
Investors who can take advantage of bearish market will get returns in later bullish one. It's a hard time for investors, but as the saying goes: There are challenges, there are also big opportunities Ethereum, in reality, have brought great chances for us this year. Yeah real investors will invest at every dip, nobody knows that when market will start growing. You are right hard time for investors, really hard to predict the future price of Ethereum but investors still buying and weak hands selling. Yup end of February ethereum could go higher after hard fork. Let's see! Actually every one can predict the price of Ethereum. If Bitcoin dropos 3%, Eth drops 13%. If Bitcoin jumps 3%, Eth jumps 5% (may be). Not very attractive for investors currently. We need a long bull market and Bitcoin above 10K to see the next big Eth pump. But I don't care, I stopped mining Eth and hold it since the last crash what I mined - only 5% vs 94% BTC and 1% xmr.
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I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy
Just bought 0.1BTC at these prices... bargin! And I just bought 0.136 BTC ---> straight to my ledger nano s How is the ledger? I have been looking into one, I have a Trezor but I like the massive shitcoins support of ledger. I don't like it. The last firmware updates were pain in the ass. They require win 8 at least, on win 7 they stuck and the device looked bricked (but it wasn't). I found a way to make them complete with win 7 safe mode but it was a very annoying process.
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I started to take the inverse of my dad's opinion on Bitcoin. He is super mainstream and listens to all the media, at $20k he was Mr. hodl and all the way down he said it was going to $50k next month. He stopped talking about it, I assume this means he thinks it's dead. This is the biggest buy flag I have ever had. Buy buy buy
Just bought 0.1BTC at these prices... bargin! And I just bought 0.136 BTC ---> straight to my ledger nano s
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Alright, salary time! 5 mins later: Initiating 470$ transfer to CB to buy BTC! And this is 2 weeks after buying BTC with 4300$ for the porperty sell! It is painful to watch the bear market, but one day I will be happy that I was buying and not selling anything!!!!!! Actually, if we go lower than the last bottom, I will sell my VW CC and buy some more BTC's. In 2 years I will replace it with lambo lol
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